FI showroom red and grey logo
MenuMENU
SearchSEARCH

Swapalease.com Celebrates Two Years of Business

by Staff
October 30, 2002
2 min to read


As Swapalease marks two years in business in October, an

increasing number of consumers across the U.S. are discovering it is

Ad Loading...

possible to get out of their auto leases early without incurring large

financial penalties or hassle. Swapalease

(www.swaplease.com), is an online

marketplace dedicated to transferring auto leases.



"Swapalease has exceeded our expectations in just two years," said

Ad Loading...

Ron Joseph, Jr., CEO and co-founder of Swapalease. "Despite a volatile

economy, we have successfully transferred over $10,000,000 of vehicles

on Swapalease's online marketplace."



According to the company, the most recent market data shows that of the 17 million consumers

currently driving a leased vehicle, upwards of 15 percent of those lessees

Ad Loading...

want or need to get out of their auto lease early. Swapalease says it has seen consistent growth

over the past 24 months in both the number of consumers visiting the

site and the number of auto lease listings posted at the online

marketplace.



"We have over 5,000 vehicles currently listed on the site and

Ad Loading...

vehicle listings from every state -- and we still feel like we are

just getting warmed up," said Richard Joseph, president of Swapalease.

"There are currently 17 million people driving leased vehicles, and if

they want out of their lease early, we can help."



"The Swapalease concept is one that has been desperately needed by

Ad Loading...

auto leasing consumers for a long time, but just didn't exist before,"

said Al Hearn, president of LeaseGuide, Inc. "Beyond the obvious

benefits, it also provides peace of mind to people who are reluctant

to lease by creating a hassle-free way to exit their lease if they

ever need it."

Ad Loading...



"Leasing will always be an important part of the retail automobile

industry, and Swapalease will remain a powerful tool to those who

lease," said Norm Barron, General Counsel of the Greater Cincinnati

Automobile and Dealers Association (GCADA).



"Consumers' car needs are evolving constantly, and we think they

Ad Loading...

will enjoy the value and flexibility Swapalease can bring to their

auto leasing experience," said Ron Joseph. "Our growing customer base

is evidence of the fact that we are providing a powerful new service

to consumers when it comes to their automotive needs."


About Swapalease.com

Ad Loading...

Based in Cincinnati, Ohio, Swapalease.com is an online marketplace for transferring automobile leases.

Swapalease.com says it matches and enables transactions between lessees

wanting to get out of their leases prior to the maturity date with

consumers interested in taking over such leases. Established in October 2000, the company's management team

brings more than 50 years experience from the automotive industry. To

Ad Loading...

learn more about Swapalease.com, visit www.swapalease.com, or call

1-866 Swap-Now (1-866-792-7669).



Topics:F&I

More F&I

Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

Timing the Market Can Hurt Long-Term Program Performance

For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.

Read More →
Ryan Ruff, The 90/10 Rule, Automotive Training Academy, Sales Series
F&IMay 6, 2026

The 90/10 Rule

In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.

Read More →
Photo of essential oil diffuser on desk next to laptop
F&IMay 4, 2026

Your Office Is Talking

What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.

Read More →
Ad Loading...
"Effective training ensures the customer’s needs remain at the heart of everything we do. When that is the focus, both sales and profits naturally improve." by Rick McCormick with F&I and Showroom logo and picture of Rick McCormick
F&IMay 1, 2026

F&I Training Fundamentals

How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.

Read More →
Photo of car tire and the tread mark it left in snow
F&Iby Hannah MitchellApril 29, 2026

Not Just Any Tire Will Do

More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.

Read More →
Photo of robot holding a laptop
F&Iby Hannah MitchellApril 27, 2026

How AI Will Drive the Next Wave of Innovation in Finance & Insurance

It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.

Read More →
Ad Loading...
Photo of notepad and pen next to computer keyboard on desktop
F&IApril 13, 2026

Control in Sales Is an Illusion

Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.

Read More →
Photo of external keyboard on office deak next to window
F&IApril 7, 2026

The Limited Warranty Game

Bringing it in-house benefits the dealership and its customers.

Read More →
Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →
Ad Loading...
Photo of man's hand on laptop computer keyboard with blank screen
F&IMarch 16, 2026

There Is Always one More Product

Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.

Read More →